CeramicSpeed crowd-finances its chainless drivetrain
In 2018, the brand first presented the concept of its single-speed chainless drivetrain at Eurobike, and then in 2019 it presented a mountain bike design that included a telescopic driveshaft to solve the problems posed by the rear suspension.
Simply put, the drivetrain’s cassette and chainring are in the same spot as you’d expect, but the teeth are perpendicular to a traditional setup. The big difference is that the chain is replaced with a carbon fiber driveshaft with a roller sprocket at each end that engages these teeth. The design was created alongside the Department of Mechanical Engineering at the University of Colorado and is said to offer 99% efficiency while being more aerodynamic, cheaper to produce and less complex than a traditional drivetrain while still being fully closed. CeramicSpeed described it as having the benefits of a gearbox without the drag that comes with it.
Of course, the transmission also has a number of drawbacks. The biggest thing is that a bike’s rear triangle needs to be redesigned to make it fit and the system will only work on a bike where the pivot is above the axle, on something like a Horst link bike, that just wouldn’t be possible. Finally, we have never seen an offbeat version of the mountain bike set up, it only worked in single speed on the brand’s Eurobike stand.
In the two years since we last saw the concept, CeramicSpeed has apparently continued to work on the design and created a new company, Driven Technologies Inc., to bring the product to market via the crowdfunding. Jason Smith, CEO of Driven, told Cycling Tips: “We realized we had to continue to develop Driven, but we couldn’t put all the eggs – like CeramicSpeed’s R&D dollars – in the Driven basket. . decision to divest the ownership of Driven to help finance development. ”
Driven expects to raise a minimum of $ 300,000 up to a maximum of $ 1 million from investors whose investments in the project start at $ 1,000. For that money, you don’t get any rewards, like in other crowdfunding companies, but you will play the role of an angel investor and receive convertible equity-based notes, in the hope that the project will go through. will develop and increase the value of your investment. .
While Driven records $ 300,000 in investment, it plans to cover six to nine months of research and development operations before another round of funding is needed. Meanwhile, if the maximum figure is increased, the company expects to have sufficient funds to take the product to manufacture. Either way, the business expects its value to increase as the schedule moves forward.
Of course, no investment comes with a level of risk and there is no guarantee that your investment will increase. It’s also worth noting that Driven expects it won’t have a product until 2023, and there’s no mention of the mountain bike drivetrain in any of the press materials – if you invest, you could just help a triathlete have a sophisticated drivetrain. 18 months.
Martin Banke, Executive Vice President of CeramicSpeed, said: “I am extremely proud of the extent to which, at CeramicSpeed, Jason and his small group of creative engineers have been able to develop Driven in such a short time. It has been deeply meaningful to be involved in bringing such a revolutionary idea to fruition as innovation is at the center of every thought and process we carry out. Now, as Driven enters its final stages of development, it needs a larger scale of production to be finalized, so it is only natural that other parties join us in helping to move the development forward. CeramicSpeed will always be part of Driven because I am convinced that it will become the benchmark in transmission technology ”.
Seed funding is on a first come, first served basis. The offer is first promoted to players in the cycling world, then will be open to the SeedInvest user base. You can learn more here.